Can I retire at age 30 with 1,540,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $1,540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$127,172$126,039$124,934$123,855$122,802$120,718
2 years$62,956$61,784$60,647$59,546$58,477$56,384
3 years$41,554$40,376$39,243$38,152$37,100$35,063
4 years$30,855$29,681$28,559$27,486$26,460$24,495
5 years$24,437$23,270$22,163$21,112$20,115$18,226
6 years$20,160$19,002$17,911$16,883$15,916$14,107
7 years$17,106$15,958$14,884$13,881$12,944$11,215
8 years$14,817$13,679$12,623$11,644$10,738$9,089
9 years$13,037$11,910$10,872$9,918$9,043$7,473
10 years$11,614$10,498$9,478$8,550$7,705$6,212
11 years$10,451$9,346$8,345$7,441$6,627$5,210
12 years$9,482$8,388$7,406$6,527$5,743$4,400
13 years$8,663$7,580$6,617$5,762$5,008$3,737
14 years$7,961$6,890$5,945$5,115$4,390$3,188
15 years$7,354$6,295$5,368$4,562$3,865$2,731
16 years$6,823$5,775$4,866$4,084$3,416$2,347
17 years$6,355$5,319$4,428$3,670$3,029$2,023
18 years$5,939$4,915$4,042$3,307$2,693$1,747
19 years$5,568$4,555$3,701$2,988$2,400$1,512
20 years$5,234$4,233$3,396$2,707$2,144$1,311
21 years$4,932$3,943$3,124$2,456$1,919$1,138
22 years$4,658$3,680$2,879$2,233$1,720$989
23 years$4,409$3,442$2,658$2,034$1,544$861
24 years$4,180$3,225$2,459$1,855$1,388$750
25 years$3,970$3,026$2,277$1,694$1,249$653
26 years$3,777$2,844$2,112$1,549$1,125$570
27 years$3,598$2,677$1,961$1,418$1,014$497
28 years$3,432$2,522$1,823$1,299$915$434
29 years$3,278$2,380$1,697$1,191$826$380
30 years$3,135$2,247$1,580$1,093$747$332
31 years$3,001$2,124$1,473$1,004$675$290
32 years$2,875$2,010$1,375$923$611$254
33 years$2,758$1,904$1,283$849$553$222
34 years$2,648$1,804$1,199$781$500$194
35 years$2,544$1,711$1,121$719$453$170
36 years$2,446$1,624$1,049$662$411$149
37 years$2,354$1,543$982$610$372$130
38 years$2,266$1,466$919$562$337$114
39 years$2,184$1,394$861$518$306$100
40 years$2,105$1,326$807$478$277$87
41 years$2,031$1,263$757$441$252$77
42 years$1,961$1,202$710$407$228$67
43 years$1,894$1,146$666$376$207$59
44 years$1,830$1,092$625$347$188$51
45 years$1,769$1,041$587$320$171$45
46 years$1,711$993$552$296$155$40
47 years$1,656$948$518$273$141$35
48 years$1,603$905$487$253$128$30
49 years$1,552$864$458$234$116$27
50 years$1,504$826$430$216$106$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $1,540,000, adding $4,427 every year, while hoping to spend $25,386 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 49/25/26 Blend
29$1,540,000$1,540,000$1,540,000$1,540,000
30$1,701,646$1,620,026$1,596,156$1,772,286
31$1,848,204$1,672,397$1,622,617$1,874,509
32$2,008,859$1,726,483$1,649,114$1,982,624
33$2,185,024$1,782,342$1,675,620$2,099,583
34$2,378,252$1,840,033$1,702,109$2,226,234
35$2,590,256$1,899,616$1,728,551$2,363,509
36$2,822,921$1,961,156$1,754,917$2,512,435
37$3,078,324$2,024,718$1,781,172$2,674,142
38$3,358,753$2,090,369$1,807,281$2,849,874
39$3,666,729$2,158,181$1,833,208$3,041,001
40$4,005,029$2,228,224$1,858,914$3,249,029
41$4,376,709$2,300,575$1,884,355$3,475,619
42$4,785,142$2,375,311$1,909,489$3,722,600
43$5,234,037$2,452,513$1,934,268$3,991,984
44$5,727,486$2,532,263$1,958,643$4,285,988
45$6,269,992$2,614,647$1,982,560$4,607,053
46$6,866,521$2,699,754$2,005,966$4,957,869
47$7,522,542$2,787,677$2,028,801$5,341,397
48$8,244,078$2,878,511$2,051,003$5,760,898
49$9,037,770$2,972,354$2,072,508$6,219,967
50$9,910,932$3,069,308$2,093,246$6,722,561
51$10,871,622$3,169,480$2,113,145$7,273,041
52$11,928,721$3,272,977$2,132,128$7,876,208
53$13,092,012$3,379,915$2,150,116$8,537,356
54$14,372,275$3,490,408$2,167,023$9,262,312
55$15,781,389$3,604,580$2,182,760$10,057,498
56$17,332,441$3,722,555$2,197,233$10,929,990
57$19,039,853$3,844,463$2,210,343$11,887,583
58$20,919,515$3,970,440$2,221,987$12,938,865
59$22,988,938$4,100,623$2,232,056$14,093,297
60$25,267,414$4,235,158$2,240,434$15,361,305
61$27,776,203$4,374,193$2,247,001$16,754,376
62$30,538,731$4,517,884$2,251,631$18,285,166
63$33,580,811$4,666,390$2,254,191$19,967,620
64$36,930,889$4,819,878$2,254,541$21,817,104
65$40,620,307$4,978,519$2,252,535$23,850,549
66$44,683,602$5,142,491$2,248,019$26,086,609
67$49,158,835$5,311,979$2,240,834$28,545,841
68$54,087,944$5,487,173$2,230,808$31,250,896
69$59,517,140$5,668,271$2,217,767$34,226,732
70$65,497,350$5,855,478$2,201,524$37,500,852
71$72,084,690$6,049,006$2,181,884$41,103,562
72$79,340,996$6,249,075$2,158,645$45,068,254
73$87,334,411$6,455,913$2,131,593$49,431,728
74$96,140,024$6,669,756$2,100,505$54,234,531
75$105,840,581$6,890,849$2,065,147$59,521,348
76$116,527,265$7,119,445$2,025,273$65,341,414
77$128,300,555$7,355,807$1,980,629$71,748,989
78$141,271,177$7,600,207$1,930,946$78,803,860
79$155,561,147$7,852,927$1,875,943$86,571,914
80$171,304,925$8,114,261$1,815,328$95,125,753
81$188,650,679$8,384,511$1,748,792$104,545,384
82$207,761,688$8,663,992$1,676,017$114,918,969
83$228,817,882$8,953,030$1,596,665$126,343,664
84$252,017,540$9,251,962$1,510,388$138,926,529
85$277,579,160$9,561,140$1,416,817$152,785,544
86$305,743,524$9,880,925$1,315,570$168,050,717
87$336,775,969$10,211,696$1,206,247$184,865,317
88$370,968,891$10,553,843$1,088,430$203,387,224
89$408,644,508$10,907,771$961,682$223,790,416
90$450,157,896$11,273,900$825,546$246,266,616
91$495,900,346$11,652,666$679,548$271,027,101
92$546,303,057$12,044,522$523,187$298,304,693
93$601,841,201$12,449,936$355,947$328,355,961
94$663,038,416$12,869,395$177,284$361,463,641
95$730,471,744$13,303,405$0$397,939,304
96$804,777,078$13,752,488$0$438,130,012
97$886,655,169$14,217,189$0$482,463,148
98$976,878,236$14,698,071$0$531,306,608
99$1,076,297,259$15,195,719$0$585,120,056
100$1,185,850,013$15,710,743$0$644,410,030